Palos Park Real Estate Market Update December 2018


Real Estate In Palos Park is a strong buyers market. Plenty of homes for sale in Palos Park and a lot of opportunity to gargan hard for the buyers. There is a 9.24 months supply of inventory on the market in Palos Park on December 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Palos Park last month was 58 days.
It took on average 7 days to sell Palos Park Condo, Townhouse or a Duplex.
The number of home sales in Palos Park from November 1, 2018 through November 30, 2018 was 7 units. That is 1% above the number of homes sold last month in Palos Park.

The average price per square foot in the area is now $95/Sq.Ft, which is 5% an increase from last month.



In Palos Park there were 3 units sold in November in the price range between $161,000 – $238,150 with an average of 3 bedrooms and 2 bathrooms and average Square footage of 1,306SF.

In Palos Park there were 1 units sold in November in the price range between $238,151 – $395,149 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 1,965SF.

In Palos Park there were 3 units sold in November in the price range between $395,150 – $475,000 with an average of 4.3 bedrooms and 2.8 bathrooms and average Square footage of 3,635SF.

The high price range had the most activity. Homes up to $475,000 were on the market on average 90 days and sold an average of $435,000.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Palos Park. Search all Palos Park homes for Sale on propertyup.com If you are considering viewing Palos Park, you may want to do so now!

Palos Park
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$601,522
$590,077
Median Sales Price
$309,187
$315,300
Month supply of inventory
10.1
9.2
Market Time Detached
16 days
58 days
Market Time Attached
33 days
7 days
Inventory
179 properties
162 properties
Low price range
$176,000 – $242,594
$161,000 – $238,150
Low price range market time
33 days
6 days
Low price range units sold
0
3
Low price range bedrooms
2.3
3
Low price range bathrooms
2
2
Low price range approx sqft
1,635 SF
1,306 SF
Mid price range
$242,595 – $433,343
$238,151 – $395,149
Mid price range market time
15 days
19 days
Mid price range units sold
2
1
Mid price range bedrooms
3
3
Mid price range bathrooms
2.6
2.1
Mid price range approx sqft
2,083 SF
1,965 SF
High price range
$433,344 – $557,500
$395,150 – $475,000
High price range market time
16 days
90 days
High price range units sold
2
3
High price range bedrooms
4.5
4.3
High price range bathrooms
3.1
2.8
High price range approxsqft
3,403 SF
3,635 SF

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source http://realestatevibe.com/palos-park-real-estate-market-update-December-2018/

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